Connect with us

WINNING COMBINATION - SOFTSWISS develops innovative iGaming software products for online casino, sports betting, and beyond. Our products can be delivered as standalone solutions or combined into a single iGaming Platform.

The future of sports betting: BETBY sportsbook is focused on innovation through deep industry knowledge, state-of-the-art software & endless customization possibilities.

Blockchain

NFT game “THE PIT” launches as differentiator in crowded NFT market – with backing from London listed VC firms

Published

on


NFT game "THE PIT" launches as differentiator in crowded NFT market – with backing from London listed VC firms
Reading Time: 2 minutes

 

THE PIT, a play-to-win NFT game developed by VC backed Kodoku Studios, is set to launch on 3rd December 2021. The game will bring NFT ownership and engagement into a new realm, going above and beyond current trends revolving around pixilated JPEG images exhibiting bubble like characteristics.

THE PIT NFTs will provide digital asset and gaming enthusiasts the opportunity to truly own their in-game avatar, with blockchain technology providing an entirely transparent ownership and gaming experience. The NFTs will partake in unpredictable, simulated, and decentralised programmatic “play-to-win” combat games of chance, that will lead to either a rise or fall in the value of each NFT.

Unlike the growing variety of play-to-earn games out there, the play-to-win environment of THE PIT offers players the opportunity to be a real winner, along with the fame and fortune befitting such status.

Hewie Rattray, Founder of THE PIT, said:

“NFTs are set to be an integral part of everyday life as they become an increasingly popular leisure pursuit. By combining NFTs and gaming with the launch of THE PIT and building it with the transparency that blockchain technology affords, we are bringing gaming experiences into the 21st Century. This development is a natural progression towards all the promise that the Metaverse brings, where crypto, NFTs and gaming will enter a new paradigm.”

This novel new way for people to have direct ownership of a unique gaming avatar will not only provide them with an engaging experience, but allow them to freely trade their NFT, for instance on the well-known NFT exchange OpenSea. THE PIT’s gaming schedule, which starts in December 2021, will involve regular battles and allow the NFT owners to earn crypto rewards tokens.

THE PIT has been developed by Kodoku Studios, with the backing of major VC firms NFT Investments and Pioneer Media, both leaders in the digital assets space and listed on London’s Aquis exchange.

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement

Advertisement

Level up, Lead The market with AFFINA Partners

Advertisement

Golden Boomerang Awards is a prestigious event that offers the chance to compete against top webmasters worldwide and grab golden figurines, prizes, and cash rewards.

Trending (Top 7)

Discover the Magic of EuropeanGaming.eu – Your Gateway to the Gaming Universe

At the heart of the ever-evolving gaming and gambling industry lies EuropeanGaming.eu, a trailblazing online platform that has become the go-to destination for industry professionals, enthusiasts, and stakeholders. As part of HIPTHER, we’re redefining how the gaming world connects, informs, and inspires.

More Than News – A Hub of Insight and Innovation

Reaching over 300,000 readers monthly, EuropeanGaming.eu goes beyond headlines to deliver compelling stories, expert insights, and the latest industry news. From regulatory updates and compliance breakthroughs to the pulse-pounding world of esports and technological advancements, we provide comprehensive coverage of the topics that matter most:

  • Online and Land-Based Gaming
  • Betting and Esports
  • Regulatory and Compliance Updates
  • Cutting-Edge Technology in Gaming

Whether it’s daily news, exclusive interviews with industry leaders, in-depth event reports, or press releases that set the tone for the future, our content resonates with a global audience while maintaining a focus on Europe’s dynamic gaming market.

Bringing the Industry Together

Our impact doesn’t stop at digital content. EuropeanGaming.eu is a proud host of virtual meetups and industry-leading conferences that spark dialogue, foster collaboration, and drive innovation. Through detailed reports and live events, we create a space where operators, suppliers, regulators, and professional services come together to shape the future of gaming.

Why EuropeanGaming.eu?

At HIPTHER, we believe in empowering the gaming community with knowledge, connection, and opportunity. EuropeanGaming.eu embodies this spirit by serving as a one-stop resource for the latest trends, market developments, and global perspectives. Whether you’re an industry veteran, a rising operator, or a gaming enthusiast, this is where you find the stories that drive progress.

Get In Touch

Let’s shape the future of gaming together!


Copyright © 2015 - 2025
European Gaming is proudly part of HIPTHER. Registered in Romania under Proshirt SRL, Company Number: 2134306, EU VAT ID: RO21343605.
Office Address: Blvd. 1 Decembrie 1918 nr.5, Târgu Mureș, Romania

Join us as we celebrate a decade of delivering excellence and embrace the magic of what’s to come in 2025 and beyond!

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.